Memecoin to Moon: How Shiba Inu (SHIB) Surpasses Expectations AllinCrypto April 19, 2025
In the height of the meme coin craze in 2020, when Dogecoin was leading the way, Shiba Inu launched a meme coin with little value or utility. In the past few years, SHIB has exceeded its expectations for a meme coin.
The coin was initially developed to see if a community could fully run a crypto project. Enter the SHIB ARMY, a developer community which was formed and continues to grow with developments on scalability, utility, and of course, community. Let’s explore Shib’s achievements and current updates.
From Ethereum to Shibarium – How Shiba Scaled
Shiba Inu was originally created as an ERC-20 token on the Ethereum Blockchain. The Ethereum Blockchain provided a secure network, but also meant high gas fees and slow transaction speeds.
Shiba evolved in 2023 with the creation of Shibarium, built on top of Ethereum as a layer-2 blockchain. This move allowed the project to lower gas fees and to expand into dapps (decentralized applications), NFT’s and DeFi.
1 Billion Transactions
One of their more recent milestones was announced in April 2025: Shibarium Crossed One Billion Transactions.
Concurrently, the project formed the Shibarium Developer Initiative, A program for developers and builders on their network. The initiative was developed as a way to show appreciation to their community that helped them with this major achievement.
Projects Timeline
Bone & Leash (Shibarium Gas token and Rewards token): July 2021
ShibaSwap (DEX): Launched in 2021 and later integrated with Shibiraum
Shiboshis (NFTs): October 2021
Shiba Eternity (gaming) Released October 2022, ongoing updates.
Shibarium: Mainnet went live in August 2023
Futurist conference Shiba Inu sponsored the Toronto Blockchain conference and announced Shib World paper, $TREAT token, and the launch of Shibarium – 2023
Metaverse: Land Sales began in April 2022 – ongoing development for 2025
Market Performance
Uncertainty is in the charts for Shiba Inu’s coin SHIB, Memecoin is generally volatile with extreme pump and dumps.
The last big pump was in October 2024, and a notable breakout for the coin was around the end of March 2025. On-chain data reported an inflow of 1.5 trillion SHIB to Whale wallets and made the coin surge 10%.
Currently, the chart shows a falling wedge pattern, and a consolidation phase potentially before the next move.
Looking Ahead at SHIB
Over the past five years, Shiba Inu has proven the potential of what a meme coin and an idea can become: a full-blown crypto ecosystem.
Shibarium continues to gain momentum through partnerships with DeFi, gaming, and NFTs, and we can expect more updates in 2025, including the yet-to-be-released SHI stablecoin and Metaverse. Shiba looks to be positioned as a serious contender in not only the meme realm but the web3 world.
The post Memecoin to Moon: How Shiba Inu (SHIB) Surpasses Expectations first appeared on AllinCrypto.
